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RealEstateRama News
HUD, CITY OF LONG BEACH SIGN $3.7 MILLION AGREEMENT THAT WILL CREATE JOBS, CONTRACTING...
WASHINGTON, DC - April 6, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development announced today that it has signed a $3.7 million agreement with the city of Long Beach, CA, that will help to create job opportunities for low-income residents and contracting opportunities for the businesses that hire them. The agreement was reached after a HUD review determined that the city’s Section 3 implementation plan was inadequate.
MBA: Fourth Quarter Mortgage Banker Production Profits Decline Despite Higher Origination Volumes
WASHINGTON, DC - April 5, 2012 - (RealEstateRama) -- Independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $1,093 on each loan they originated in the fourth quarter of 2011, down from $1,263 per loan in the third quarter of 2011, according to the Mortgage Bankers Association’s (MBA) Fourth Quarter 2011 Mortgage Bankers Performance Report released today.
2012 NMHC 50 Names Nation’s Largest Apartment Owners, Managers
WASHINGTON, D.C. - April 5, 2012 - (RealEstateRama) -- In a resurgent rental market, the top players are Boston Capital (157,423 units owned) and Greystar Real Estate Partners LLC (192,711 units managed), according to the National Multi Housing Council’s (NMHC) new 2012 NMHC 50 – the apartment industry’s annual ranking of the top 50 apartment owners and managers nationwide.
101 Housing Markets on Improving List in April
WASHINGTON, D.C. - April 5, 2012 - (RealEstateRama) -- The list of housing markets showing measurable improvement expanded slightly to include 101 metropolitan areas in April, according to the National Association of Home Builders/First American Improving Markets Index (IMI), released today. Thirty-five states (including the District of Columbia) are now represented by at least one market on the list.
HUD ANNOUNCES ‘MATERNITY DISCRIMINATION SETTLEMENTS,’ KICKS OFF FAIR HOUSING MONTH
WASHINGTON, DC - April 5, 2012 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development announced today that it has reached settlement agreements with Magna Bank in Nashville, TN, and Home Loan Center, Inc., in Irvine, CA, resolving allegations that the two lenders denied mortgage loans to women because they were pregnant and temporarily on maternity leave. HUD is announcing the discrimination settlements as part of its annual Fair Housing Month commemoration kick-off.
Menendez, Reed, Warner, Merkley lead call for FHFA to fix flawed study on principal...
Washington, DC - April 4, 2012 - (RealEstateRama) -- U.S. Senators Robert Menendez (D-NJ), Chairman of the Housing Subcommittee, Jack Reed (D-RI), Chairman of the Securities Subcommittee, Mark Warner (D-VA), Chairman of the International Trade and Fina...
Free fair housing accessibility training on June 6, 2012
April 4, 2012 - (RealEstateRama) -- Design and construction industry professionals, housing developers, and housing providers are invited to attend a free 8-hour Fair Housing Accessibility First training, on Wednesday, June 6, from 8 am to 5 pm at Seat...
With Nearly 25% Of Ohio Homeowners Underwater On Their Mortgages, Brown Unveils New Plan...
COLUMBUS, OH - April 4, 2012 - (RealEstateRama) -- With nearly 25 percent of Ohio homeowners underwater on their mortgages, U.S. Sen. Sherrod Brown (D-OH) today unveiled a new plan to improve the housing market by addressing “short sale” home sal...
OHFA Celebrates Equal Access to Housing During Fair Housing Month
COLUMBUS - April 4, 2012 - (RealEstateRama) -- The Ohio Housing Finance Agency (OHFA) joins Ohio Governor John Kasich and affordable housing leaders in observing April as Fair Housing Month. This year marks the 44th anniversary of the Fair Housing Act ...
LIU RECOVERS $1.2 MILLION FROM BUILDING CONTRACTORS FOR CHEATED WORKERS
NEW YORK, NY - April 4, 2012 - (RealEstateRama) -- Comptroller John C. Liu today announced a $1.2 million settlement on behalf of workers who were cheated out of wages and benefits for work at City sites. The contractor Mascon Restoration and its princ...
A.G. Schneiderman Issues Alert To Protect New York Homeowners From Mortgage Settlement Scams
NEW YORK, NY - April 4, 2012 - (RealEstateRama) -- Attorney General Eric T. Schneiderman alerted New York homeowners today to beware of phone solicitations from scam artists claiming to provide assistance related to the recent national mortgage servici...
25th Annual Sales and Marketing (SAM) Awards Honors Creative Excellence, Industry Achievement
April 4, 2012 - (RealEstateRama) -- The New Jersey Builders Association (NJBA) honored the industry’s most creative and successful sales and marketing initiatives at the 25th Annual Sales and Marketing (SAM) Awards Banquet, kicking-off the 63rdAtlant...
Attorney General Darrell McGraw Begins “Project: Save Our Homes” Events in Putnam, Kanawha and...
CHARLESTON - April 4, 2012 - (RealEstateRama) -- West Virginia Attorney General Darrell McGraw today announced the details for the first four Project: Save Our Homes workshops to help the state’s homeowners obtain relief under the recent landmark mor...
Legislation Intended to Prevent Tax Increases on the Beneficiaries of the Mortgage Settlement Agreement
Washington, D.C - April 4, 2012 - (RealEstateRama) -- U.S. Representatives Shelley Berkley (D-NV), Jim McDermott (D-WA) and John Larson (D-CT) introduced the "Homeowners Tax Fairness Act" today to protect homeowners and servicemembers who were wrongly ...
RI to Receive Additional $634,000 in Foreclosure Prevention Funds
PROVIDENCE, RI – April 4, 2012 – (RealEstateRama) — U.S. Senator Jack Reed (D-RI) today announced that Rhode Island will receive an additional $634,342 in federal funding to continue providing housing counseling to struggling Rhode Is...
Altmire Announces Housing Grants for Homeless Veterans
WASHINGTON, D.C. - April 4, 2012 - (RealEstateRama) -- U.S. Congressman Jason Altmire (PA-04) today announced that the Allegheny County Housing Authority and Housing Authority of the County of Butler will receive $293,898 in grants from the U.S. Depart...
Parties Weigh in on Where The Money Should Go
April 4, 2012 - (RealEstateRama) -- On March, 12, 2012, the final negotiated agreements between the states, the federal government and Bank of America, Citi, JP Morgan Chase, Ally/GMAC, and Wells Forgo were filed with the Court. In addition to requiri...
Wells Fargo Top Commercial/Multifamily Mortgage Originator in 2011
Washington, DC - April 4, 2012 - (RealEstateRama) -- Wells Fargo was the top commercial/multifamily mortgage originator in 2011, according to a set of listings released today by the Mortgage Bankers Association (MBA). Other originators in the top 10 include HFF, L.P.; Meridian Capital Group, LLC.; CBRE Capital Markets, Inc.; PNC Real Estate; MetLife Real Estate Investments; Deutsche Bank Commercial Real Estate; Prudential Mortgage Capital Company; Northmarq Capital LLC; and JP Morgan (CMBS).
Mortgage Applications Increase in Latest MBA Weekly Survey
WASHINGTON, D.C. - April 4, 2012 - (RealEstateRama) -- Mortgage applications increased 4.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 30, 2012.
GOVERNOR BROWNBACK PROCLAIMS APRIL FAIR HOUSING MONTH
TOPEKA - April 4, 2012 - (RealEstateRama) -- In celebration of the 44th anniversary of the 1968 landmark Fair Housing Act, Governor Sam Brownback has proclaimed April Fair Housing Month in Kansas. The Fair Housing Act is the federal law prohibiting dis...
